ÀÏ˾»úÎçÒ¹¸£Àû

The CIOT has responded to the OECD consultations on Pillar Two – GloBE Information Return and Tax Certainty for the GloBE Rules.

These Regulations make modifications for the purposes of applying the correct tax treatment to public service pension schemes which are affected by the rectification of discrimination provisions contained in the Public Service Pensions and Judicial Offices Act 2022.

HMRC has updated its import, export and customs guidance to reflect the post-Brexit regime. The update covers the period from 30 January 2023 to 6 February 2023

6 February 2023 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

In the ever-fast-moving world of tax announcements and developments, this news pulls together some of the key changes announced this week. Our commentary will be updated in due course to reflect these latest developments.

HMRC has published new guidance on reportable cross-border arrangements under the Mandatory Disclosure Rules (MDR).

HMRC is increasing the late payment rate of interest to 6.5%, and the repayment interest rate to 3% from 21 February 2023. Interest on quarterly instalment payments of corporation tax is also increased from 13 February 2023.

OEDC has published a Manual on the Handling of Multilateral Mutual Agreement Procedures (MAPs) and Advance Pricing Arrangements (APAs), in line with the Forum on Tax Administration's (FTA) tax certainty agenda.

This Order states the annual chargeable amounts of the annual tax on enveloped dwellings for chargeable periods beginning on or after 1 April 2023.

HMRC has updated its guidance on records keeping and accounts for Plastic Packaging Tax.

HMRC has published a new manual on Alternative Dispute Resolution.

HMRC has published Employment Related Securities (ERS) Bulletin 48.

The Economics Affairs Finance Bill Sub-Committee has published its report on Research and development tax relief and expenditure credit.

The OECD/G20 Inclusive Framework on BEPS has released technical guidance on the Global Anti-Base Erosion Model Rules (Pillar Two).

HMRC has updated its guidance on how to account for import VAT if postponed VAT accounting is used.

The CIOT has made budget representations on the ‘Employment Taxes and Pensions Tax Regime’ and ‘Repayment interest’.

HMRC has updated its guidance on how to ask for authorisation, manage a client's account and how to send returns as an agent.

The CIOT has made budget representations on ‘CGT – relief for gifts of business assets’ and ‘Company purchase of own shares – multiple completion contracts’.

HMRC has published pension schemes newsletter 146.

HMRC has updated its import, export and customs guidance to reflect the post—Brexit regime. The update covers the period from 23 January 2023 to 30 January 2023.